Stock Market Plunges Over 6% Amid Coronavirus Fears & Crude Oil Price War, Trading Briefly Halted


The stock markets plunged again Monday morning due to fears over the coronavirus outbreak and sinking prices of oil.The S&P 500 plunged about 7.4% within the first few minutes of the market opening, triggering an immediate pause in trading. Following the pause, stocks trimmed their losses leaving the index down 6%.Trading has not been paused since 2008 during the financial crisis. The 15-minute pause is an automatic response to curb severe losses and has been in place since the 1987 Black Monday crash.Another 15-minute pause would be triggered if losses dropped an additional 6% (to a total of …

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